Securities code: 603596 Securities abbreviation: Bethel Announcement Number: 2026-012
Convertible bond code: 113696 Convertible bond abbreviation: Bo 25 convertible bond
Wuhu Bethel Automotive Safety System Co., Ltd.
Regarding the use of part of idle raised funds for cash management and
Announcement on redemption of some cash management products
The company's board of directors and all directors guarantee that the contents of this announcement do not contain any false records, misleading statements or major omissions, and assume legal responsibility for the authenticity, accuracy and completeness of its contents.
Important content reminder:
Cash management product progress
1. The progress of this cash management product:
(1) Bank structured deposits
2. Redemption situation of some cash management products:
(1) Bank certificate of deposit
Review procedures that have been carried out
Wuhu Bethel Automotive Safety Systems Co., Ltd. (hereinafter referred to as the "Company") held the ninth meeting of the fourth board of directors and the ninth meeting of the fourth board of supervisors on July 30, 2025, and reviewed and approved the "Proposal on Using Part of Temporarily Idle Raised Funds for Cash Management", agreeing that the company can rationally use part of the idle raised funds for cash management without affecting the construction of raised funds projects and the company's normal operations, increase capital income, and obtain more investment returns for the company and shareholders. The maximum amount of idle raised funds shall not exceed RMB 1.30 million for cash management, and the period of use shall not exceed 12 months. Within the validity period of the above quota and resolution, it can be used on a rolling basis. The cash management of idle raised funds will be returned to the special account for raised funds after expiration. The sponsor issued an unobjectionable verification opinion on this matter. For details, please refer to the company's "Bethel's Announcement on Using Part of Idle Raised Funds for Cash Management" published on the Shanghai Stock Exchange website (www.sse.com.cn) and China Securities Journal on August 1, 2025 (Announcement No.: 2025-054). The cash management limit this time is within the limit authorized by the board of directors and does not need to be submitted to the shareholders' meeting for review.
Risk warning
The company will strictly control risks in accordance with relevant regulations and use temporarily idle raised funds to purchase capital-guaranteed financial products with high security and good liquidity or other products that comply with regulations (including but not limited to structured deposits, time deposits, certificates of deposit, etc.). The term of cash management products shall not exceed 12 months, and investment risks are controllable. However, the financial market is greatly affected by macroeconomics, and the risk of investment income being affected by market fluctuations cannot be ruled out.
1. Overview of this cash management
(1) Cash management purpose
In order to improve the efficiency of the company's use of funds, without affecting the construction of raised funds projects and the company's normal operations, some idle raised funds are reasonably used for cash management, increasing capital returns, and obtaining more investment returns for the company and shareholders.
(2) Sources of funds and related information
1. General information on sources of funds
The company's source of funds for cash management is temporarily idle raised funds.
2. Basic information on raising funds
Approved by the China Securities Regulatory Commission's "Reply on Approving the Public Issuance of Convertible Corporate Bonds by Wuhu Bethel Automotive Safety Systems Co., Ltd." (CSRC Permit [2025] No. 631), the company publicly issued 28,020,000 convertible corporate bonds to the public. Valued at RMB 100.00, the total amount raised was RMB 2,802,000,000.00. After deducting the tax-exclusive issuance fee of RMB 12,349,094.60, the actual net amount raised was RMB 2,789,650,905.40. The above-mentioned capital availability has been verified by the "Capital Verification Report" No. 230Z0075 of Rongcheng Accounting Firm (Special General Partnership).
In accordance with the provisions of relevant laws, regulations and normative documents, the company has signed the "Three-Party Supervision Agreement for the Special Account Storage of Raised Funds" and the "Four-Party Supervision Agreement for the Special Account Storage of Raised Funds" with the sponsor institution and the commercial bank where the raised funds are deposited, and adopts special account storage management for the raised funds.
(3) Cash management limit and period
Without affecting the normal progress of the investment plan of the raised funds, the company plans to use the idle raised funds with a maximum amount of no more than 1.30 million yuan for cash management. The use period shall not exceed 12 months. Within the validity period of the above quota and resolution, it can be used on a rolling basis. The cash management of idle raised funds will be returned to the special account for raised funds after expiration.
2. The specific situation of this cash management
(1) Progress of this cash management product
Note: The expected income amount is calculated based on the highest annualized yield, and the final income amount is based on the actual redemption amount.
(2) Redemption of some cash management products
The company purchased large-denomination certificates of deposit cash management products from Huishang Bank Co., Ltd. For details, please refer to the company’s “Bethel’s Progress Announcement on the Use of Part of Idle Raised Funds for Cash Management” published on the website of the Shanghai Stock Exchange (www.sse.com.cn) and the China Securities Journal on August 21, 2025 (Announcement Number: 2025-065).
Among the above-mentioned financial products, the company redeemed a principal of RMB 30 million and received financial income of RMB 256,800, as follows:
3. Review procedures
The company held the ninth meeting of the fourth board of directors and the ninth meeting of the fourth board of supervisors on July 30, 2025, and reviewed and approved the "Proposal on Using Part of Temporarily Idle Raised Funds for Cash Management", agreeing that the company can rationally use part of the idle raised funds for cash management without affecting the construction of raised funds projects and the company's normal operations, increase capital income, and obtain more investment returns for the company and shareholders. The maximum amount of idle raised funds shall not exceed RMB 1.30 million for cash management, and the period of use shall not exceed 12 months. Within the validity period of the above quota and resolution, it can be used on a rolling basis. The cash management of idle raised funds will be returned to the special account for raised funds after expiration. The sponsor issued an unobjectionable verification opinion on this matter. For details, please refer to the company's "Bethel's Announcement on Using Part of Idle Raised Funds for Cash Management" published on the Shanghai Stock Exchange website (www.sse.com.cn) and China Securities Journal on August 1, 2025 (Announcement No.: 2025-054). The cash management limit this time is within the limit authorized by the board of directors and does not need to be submitted to the shareholders' meeting for review.
4. Cash management risk analysis and risk control measures
(1) Investment risks
Although the company uses temporarily idle raised funds to invest in capital-guaranteed products with high security and good liquidity or other products that comply with regulations (including but not limited to structured deposits, time deposits, certificates of deposit, etc.), the investment risks are controllable. However, the financial market is greatly affected by macroeconomics, and the risk of this investment being affected by market fluctuations cannot be ruled out.
(2) Risk control measures
1. Strictly abide by the principles of prudent investment, screen investment objects, and select products issued by units with good reputation, large scale, ability to ensure capital security, good operating efficiency, and strong capital operation capabilities.
2. The company will promptly analyze and track the investment direction of financial products and project progress based on market conditions. If any risk factors that may affect the company's capital security are discovered, corresponding preservation measures will be taken in a timely manner to control investment risks.
3. The company will timely disclose the specific situation of the company's cash management in accordance with the requirements of relevant laws and regulations such as the "Shanghai Stock Exchange Stock Listing Rules", "Supervisory Rules for Raised Funds of Listed Companies" and the company's "Measures for the Management of Raised Funds".
4. The company’s independent directors and the audit committee of the board of directors have the right to supervise and inspect the use of funds, and can hire professional institutions to conduct audits when necessary.
5. Impact on the company
Under the premise of complying with national laws and regulations, ensuring the normal progress of investment projects with raised funds and ensuring the safety of raised funds, the company will conduct cash management of part of the idle raised funds this time, which will not affect the normal construction of the company's raised investment projects, nor will it affect the normal use of the company's raised funds. The company's cash management of part of the idle raised funds this time will help improve the efficiency of the use of raised funds, increase capital income, and obtain better investment returns for the company and shareholders. The proceeds from the company's use of part of the idle raised funds for cash management belong to the company, and the funds are managed and used in strict accordance with the requirements of the China Securities Regulatory Commission and the Shanghai Stock Exchange on regulatory measures for raised funds. The cash management of idle raised funds will be returned to the special account for raised funds after expiration.
6. As of the date of this announcement, the company’s use of idle raised funds for cash management in the past twelve months
Unit: RMB 10,000
7. Risk warning
The company will strictly control risks in accordance with relevant regulations and use temporarily idle raised funds to purchase capital-guaranteed financial products with high security and good liquidity or other products that comply with regulations (including but not limited to structured deposits, time deposits, certificates of deposit, etc.). The term of cash management products shall not exceed 12 months, and investment risks are controllable. However, the financial market is greatly affected by macroeconomics, and the risk of investment income being affected by market fluctuations cannot be ruled out.
Announcement is hereby made.
Wuhu Bethel Automotive Safety System Co., Ltd.
Board of Directors
March 26, 2026
